St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-12-31
The COMMERCIAL RECORD.
Bullish Foreign Advices Cause the
Grain Market to Open
Higher.
The Foreign Situation and Strength in
Cash We're the Features of
the Day.
Transactions in the Financial Circles
Of Wall Street.-The General
Quotations.
Special to the Globe.

IL
and higher on bullish foreign adyices and the
opinion that the visible supply would not
show further increase, either this week or
any other week of the crop year. The large
export demand for -four is also mentioned as
factor. May wheat opened at S524c; sold
off 14c, but hardened Immediately, with ex-
cellent general buying, and within an hour
Of the beginning sec was the selling price,
January advanc ing to 79c. Corn continued
strong from the outset and climbed to 547sc
without pause Trading in corn was on
liberal scale, commission houses picking up
speculative offers. gathering them in steadily
and quietly. Oats, too, advanced early to
S4slc. Hutchinson figured on large scale
in wheat, with view Of limiting fuctua-
tons, but the market got away from him the
first half hour. Provisions were quiet. The
market opened firm and higher all around.
May pork selling at 20; May lard atSS.15,
and March ribs at $7.79. Pork settled to
$3.50 and other products suffered slight
shrinkage. The only feature to the
provision deal was the changing over of ia n
uary contracts into later months. There was
great deal of this going on and the brokers
hurried through with their business for fear
they might be interrupted by the outbreak of
horse play.
It is one of the customs of the board to
usher out the old year with circus. This
circus is liable to break sut any minute on
the last business day of tbs year, and the wise
broker gets his house rea1y as early in the
morning as possible. 1t happened, there
fore that the changing over of contracts was
rushed through this forenoon, and for an
hour or two toward the end of the long ses-
sion business in the pits was slack. The
circus did not begin till about the tap of the
bell and the outbreak was of a mild type.
May pork was held stiffiy around S15.67I2
nearly all morning. In the wheat market
SEC was the average price for May. There
was no end of wheat for sale at that figure,
but the crowd took it. The foreign situation
and the strength in. the cash market
were the governing features. May
corn was dull and strong around 547s@55c.
The final government report for the year was
confidently expected to-day, but up to 1
O'Clock it had not shown up, and the govern
ment statistician allowed the impression to
get abroad that it would not be out till the
end of the first week in January. He also
stated that the contents of the report would
not be known till it left his own hands. The
o'clock range of prices shows a small gain
on the entire list. There will be no session
of the board of trade or stock exchange to-
morrow or Monday. At the afternoon session
the markets were dull and steady, and not
much was done in the pits, the time being put
in at horse play. 2:30 p. m. prices: Wheat
January, 7sBc: February, 1850; March,
SOssc: May, $3.50. Corn-January, 494c@
49ssc; February, 49s4c; May. 55c. Oats
January and February, 31ssc; May, 347sc'
Pork-February. $3.50; March. SIS. 25 May,
S15.6712. Lard-January, $3.50; February
S7.S7I2; March, S7.95; May, S9.15. Short
ribs-January,Sz.75 February. 81. So; March,
$7.95; May, S.. Is.
THE ROUTINE REPORT.
CHICAGO, Dec. 30.-Influenced by cables to
the effect that the English wheat markets
we1e firm and tending upward, the markets
on change opened higher this morning
May pork started at S15.70, an advance over
last night of cents. May wheat opened 4c
higher, at 8534c, and May corn 1sc higher, at
545sc. Wheat inside of few minutes eased
of, but heavy buying sent it back TO SEC. AT
the same moment May corn struck SOC. Dur
ing the first hour there was little of interest
in the provision pit. May lard opened at
IS. 12l2@S.I5 and eased off to IS. 10. May
pork went down with lard and sold at
$3.50. but reacted to S15.65. The trade in
wheat assumed enormous proportions The
boom was engineered by 7. p. Hutchinson,
who took i'm everything in sight up TO SEC
for May He at one time offered that price
for 100000, but did not get it. He also
managed the corn deal. being a persistent
Other heavy traders followed III his wake
He also ran big deal in oats and took a
$4,000 bushel lot at 347sc. Trading in
grains continued heavy up to l o'clock, but
there was nothing done in provisions Of in
terest.
THE QUOTATIONS.
The leading futures ranged as follows:
Wheat-No. 2 January, opened at 1850,
closing at 1880; February, 79l2c. closing
at 79ssc; March. SOi4, closing at S0s5c; May,
S534c, closing at $3.50. Corn-No. 2 Deem
Der opened at 49l2c, closing at 49s4c;
January, 4914c, closing at 49lgc; February,
1850, closing at 49s4c; May, 54ssc, closing
at SOC. Oats-No. 2 January opened at
31l2c, closing at 31ssc; February. 31l2c,
34Sc; Mess Pork, per bbl--January opened
at S16.05, closing at S15.1O May. S15.75.
closing at S15.67I2: Lard, per 100 lbs-Jan-
uary opened at 1915 closing $3.50; Feb
$7.95. closing at s.. %; May, S. 2l2, closing
at S.. Is. Short Ribs. per 100 lbs-JGnuary
opened at $40, closing at 81; 20; February.
S7.s5, closing at g.; 30; March, S7.95: clos
Cash quotations were as follows: Flour
was more active; and prices were steady and
unchanged. Wheat-No. spring, 7Sa4c;
No. spring, 65@6SI2c; No; 2 red SIC.
Rye-No. 2, sc; Barley-No. 2, 73@
Prime timothy seed S236@2. 81. Mess pork.
S7.75@7.77l2. Short rib sides Qoose), S7.75.
Dry saIted shoulders. boxed, Sc 1O@6.15.
Short clear sides, boxed, $S.O5@s.1O.
Ion, sf.10. sugar-cut LOAF, 7s4@s4e; gran
ulated 1,5c; standard "a" &c. Receipts
Flour, $4,000 bbIs; wheat, $4,000 bu;
corn, 14e.oO0 Blu; oats $4,000 bu; rye,
5000 bu; barley, 81, 900 bu. Shipments
Flour, 80, 1000 bbls; wheat A 900 bu; corn,
lis 900 bu; oats, 90, 600 bu; rye, 1000 Blu;
barley, 46, 900 bu. On the produce ex-
change to-day the butter market was active;
&c. Eggs, 22l2@24c.